MARKET COMPOSITE
CDZI - Cadiz Inc.7:46:20 PM 4/19/2024
Price
$2.25
+ 0.00 (0.22%)
Cadiz Inc. operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County. It is also involved in the cultivation of lemons and grapes/raisins, and spring and fall plantings of vegetables on the Cadiz Valley properties. Cadiz Inc. was founded in 1983 and is headquartered in Los Angeles, California.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue684K+86%
Operating Income-5.4MM-5%
Operating Expenses6.1MM-
Net Income-6.8MM-3%
G&A4.4MM-14%
Interest Expense929K-21%
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Stock news

    As an investor, mistakes are inevitable. But really big losses can really drag down an overall portfolio. So consider...

    Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz," the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").

    Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") announced today that it has completed a financing transaction that significantly strengthens its financial position and provides the Company with liquidity to accelerate development of its water supply projects in Southern California. The financing includes a new $20 million loan to fund operations and capital expenses associated with development of the Company's water supply projects and extends all debt maturities to 2027.

    Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") announced that Barbara Lloyd, a leading professional in the project finance industry with deep experience in public-private infrastructure financing in California, was appointed today to the Company's Board of Directors.

    Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") and Heerema International Group Services BV ("Heerema"), the Company's largest shareholder, are pleased to announce a new financing agreement to support growth and capital investments in the Company's water supply, pipeline, filtration and storage assets. Under the agreement, Heerema will acquire the Company's $21.2 million Senior Secured Loan held by BRF Finance Co., LLC, ("BRF") and provide the Company an additional $20 million to support capit

    Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") announced today that the City of Adelanto, California has signed a Letter of Intent with Fenner Gap Mutual Water Company ("Fenner Gap") to join Victor Valley water agencies in developing an integrated water management and infrastructure investment plan for the Mojave Basin region. As part of the agreement, Fenner Gap will provide 25,000 acre-feet of water to the City of Adelanto from the Cadiz Water Conservation, Supply and Storage Project.

    Cadiz, Inc. (NASDAQ: CDZI/CDZIP, the "Company") announced that Fenner Gap Mutual Water Company ("Fenner Gap") has signed a Letter of Intent with the Victor Valley Wastewater Reclamation Authority ("VVWRA") to develop a coordinated investment strategy for water infrastructure in San Bernardino County's Mojave Basin region. The ambitious plan to integrate public, private and multi-agency financing resources for the design, construction and operation of water infrastructure will incorporate recycle

    It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it...

    Cadiz, Inc. (NASDAQ: CDZI, NASDAQ: CDZIP) (the "Company") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").Holders of Series A Preferred Stock will receive a cash dividend equal to $560.00 per whole share. Holders of depositary shares, each representing a 1/1000 fractional interest in a share of Series A Preferred Stock (Nasdaq: CDZIP), will receive a cash dividend

    Cadiz, Inc. (NASDAQ: CDZI/CDZIP, the "Company") is pleased to announce that today the U.S. Bureau of Land Management ("BLM") issued a final decision approving the assignment of a Mineral Leasing Act right-of-way ("ROW") grant to Cadiz for the Company's Northern Pipeline. BLM's approval of the ROW grant to Cadiz completes the Company's acquisition of the 220-mile pipeline from El Paso Natural Gas ("EPNG") and will allow the company to advance project development on several fronts.